Gifts in a will or by beneficiary designation are two easy ways to inspire boys to become confident, courageous young men for years to come — and they don’t cost anything now.
You can learn more about these special opportunities in our free brochure, Simple Ways to Create Your Legacy, and other complimentary planning resources. These resources are just a click away!
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Catholic Memorial. Once you have provided for your loved ones, we hope you will consider making future Knights part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
- Lasting Impact: Your gift will create your legacy of faith, excellence, and brotherhood.
- Flexible: You can alter your gift or change your mind at any time and for any reason.
- No Cost: It costs you nothing to give in this way now.
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Four simple, “no-cost-now” ways to give in your will
General gift
Residuary gift
Specific gift
Contingent gift
You can combine these no-cost options. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Catholic Memorial contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in preparing boys for the future — and it costs you nothing now. By naming Catholic Memorial as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of sustaining the school you love.
Potential benefits of gifts by beneficiary designation:
- Reduce or eliminate taxes
- Reduce or avoid probate fees
- No cost to you now to give
- Create your legacy with Catholic Memorial
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Types of Gifts
Retirement plan assets
You can simply name Catholic Memorial as a beneficiary of your retirement plan to invest in the young men who will go on to lead with integrity, serve with compassion, and make their mark on Boston and the world.
Life insurance policies
You can name Catholic Memorial as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Catholic Memorial will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Catholic Memorial as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward shaping young men of intellect, courage, and character for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Catholic Memorial as a “successor” of your account or a portion of your account value, you enable boys to grow as individuals and as a brotherhood.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Catholic Memorial School
Include our tax identification number: 04-2229971
Please let us know so we can ensure that your wishes are carried out.
Share Your Legacy
If you have already chosen to include Catholic Memorial School in your estate plans, we hope you will let us know. It is the best way to ensure your wishes are honored and gives us the privilege of thanking you personally for your generosity.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!